Quote:
Originally Posted by fotze
I have a RBC house line of credit that I got when I had a mortgage with them. Gt a statement every 3 weeks for $200k. Never used it, don't even know how to use it. Is this a bad thing to keep or should I tell them close it?
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If you're not using it it's actually a good thing to have on title IMO. It's not costing you anything and FWIW, it may make your property slightly less attractive to potential fraudsters. It can be easier to perpetrate a fraud against a clear title than in that haa a mortgage registered on it.